Coinbase Considers 30 New Crypto Assets On Exchange, Including Ripple's XRP Token

Coinbase Considers Including 30 New Assets On Exchange, Including Ripple’s XRP

Coinbase has recently announced via Twitter that the company is now exploring the addition of more than 30 new assets on its list. The company referred to an announcement that was made back in September that showed that the company had the goal to offer support for a lot more tokens than it currently does.

The main reason why the company is announcing now that it may add these assets instead of justing adding them is that Coinbase is worried for compliance reasons. They want their customers to be protected by the law.

Now, they will evaluate all these processes individually using the Digital Asset Framework of the company to determine which of these tokens are the right ones for the job. Factors like security, compliance and how the tokens align with the mission of the company will be taken into account to decide what will happen.

A lot of what was defined as exploratory work was done to decide the list and a lot more of it will still be done in order to secure a steady launch for each one of the tokens that will still be launched.

It was also affirmed that some of the assets may be only available for selling and buying instead of just sending and that not all of them will be treated in the same way.

This way, the company is slowly marching onward to offer to the customers a set of solutions that can lead them to be able to invest in 90% of the crypto market cap while using Coinbase.

Ripple’s XRP Is Included In The List

The token with the second largest market capitalization at the moment, Ripple’s XRP, was also listed on the possibilities of the company. It is important to notice that while nobody is sure at the moment about which tokens will make it, XRP is one of the most probable ones because it has a large market cap and it is considered one of the most important ones. That being said, there is a long history of crypto fans wondering if XRP would ever be listed.

Coinbase’s list is as follows:

XRP (XRP), Stellar (XLM), Tezos (XTZ), Status (SNT), Zilliqa (ZIL), Request Network (REQ), Dai (DAI), district0x (DNT), Civic (CVC), IOST (IOST), Aragon (ANT), Bread Wallet (BRD), EnjinCoin (ENJ), EOS (EOS), Golem Network (GNT), Loom Network (LOOM), Loopring (LRC), Decentraland (MANA), Kin (KIN), Cardano (ADA), Aeternity (AE), QuarkChain (QKC), Augur (REP), Maker (MKR), NEO (NEO), Kyber Network (KNC), ChainLink (LINK), OmiseGo (OMG), (POE), Mainframe (MFT) and Storj (STORJ).

Coinbase has also affirmed that it was also looking at some ERC20-based tokens and that some changes might happen in the API of the company soon. Most of the assets that would be approved will be listed in the company in 2019.

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Gabriel Machado
Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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